Quanta Services Inc., Houston, signed a letter of intent with National Grid to provide engineering and installation services throughout the New England region.
Expected to be signed by April 1, the contract is part of a plan by National Grid to invest up to $1.7 billion in its power transmission system in New York and New England over five years and represents a portion of its overall capital plan for the region.
The contract is expected to include work on high-voltage overhead lines, underground electric cables and substation development and construction.
M.J. Electric, LLC, a Quanta operating unit, will provide the transmission construction services including installation of new transmission lines and reconductoring and repair of existing transmission infrastructure. Under the five-year contract contemplated by the letter of intent, the substation and transmission infrastructure services will be performed by a joint venture named New Energy Alliance to be formed between M.J. Electric and Balfour Beatty Infrastructure Inc.
“We are committed to investing in our transmission network and to continue delivering high levels of reliability to our customers,” said Masheed Saidi, National Grid's executive vice president and chief operating officer, U.S. Transmission. “New Energy Alliance will work together with National Grid to share best practices, continually improve performance and make safety and environmental issues central to everything we do.”
Under the contract, New Energy Alliance will provide engineering and installation services for National's Grid's transmission system in Massachusetts, Rhode Island, New Hampshire, and Vermont.
“The magnitude of National Grid's infrastructure investment symbolizes the need to upgrade the nation's power grid,” said John R. Colson, chairman and CEO of Quanta Services. “We are proud to join with Balfour Beatty to meet National Grid's need for infrastructure services in a safe, efficient and effective manner.